Turks to look for oil in Med
Turkey will launch an international tender for undersea oil exploration in the eastern Mediterranean, a senior oil official said yesterday. The decision is likely to upset the government of Cyprus, which last month opened a bidding process to license offshore oil and gas exploration in the eastern Mediterranean. It was not clear whether the exploration sites will overlap, but a dispute over rights to undersea energy resources has heightened tensions between the two countries. Turkey has sought to disrupt Cyprus’s plans, warning Egypt and Lebanon not to mark out sea boundaries with the island nation necessary for exploration to proceed. Osman Dinc, head of Turkey’s state oil company TPAO, told the state-run Anatolia news agency that Turkey will open bidding later this month and would start exploration with foreign partners in the shallow waters of the Mediterranean in July or August. Dinc also said Turkey will carry out seismic studies west of Cyprus between the coasts of Turkey and Egypt this spring and summer, a decision which could further annoy Cyprus. Turkey says it has a right to conduct oil and gas exploration in the international waters between Turkey and Egypt. Turkey also says that Turkish Cypriots living in the Turkish-occupied north of Cyprus should have a say in the island’s oil and gas rights. Cyprus has ignored the warnings, saying its exploration deals with Egypt and Lebanon would go ahead. (AP)
